Omokri slams Davido, states ten reasons Nigeria’s economy is not in shambles 

Former Presidential Aide, Reno Omokri, has slammed Afrobeats star David Adeleke popularly known as Davido over his claim that Nigeria’s economy is in shambles,” stating ten reasons it is not so.

Davido in a recent interview on the foreign podcast, “The Big Homies House,” claimed that Nigeria’s economy is in a terrible state.

According to the Diaspora Digital Media (DDM), Omokri responded to Davido’s statement, pointing out an apparent contradiction and highlighting Wizkid’s album Morayo’s remarkable streaming figures of 12.12 million on Spotify Nigeria in a day.

Omokri’s in a post on his X formerly Twitter page on Sunday, asked “Is Nigeria’s ‘Economy In Shambles’ As Singer, Davido, Claimed?

He further wrote on his page “I beg to disagree with singer Davido that Nigeria’s economy is in shambles. If our economy is in shambles, how was it possible for Wizkid’s album, Morayo, to record 12.12 million streams on its inaugural day of release on Spotify Nigeria, which made the album the biggest-selling album on a streaming platform in Nigeria’s history for the first day.”

“Please fact-check me: Streaming music is purchased with disposable income. People do not have disposable income in an economy in shambles, not to mention breaking streaming records, especially on Spotify, where the average streaming cost is $10.99 monthly.”

“How many singers have broken streaming records in Venezuela or Argentina? Those are economies that could be said to be in shambles, not Nigeria.”

“Perhaps if Davido had built a track record of showing more commitment to Nigeria, he, like Wizkid, would have broken streaming records on Spotify Nigeria.”

“I urge Davido to learn from Rihanna, who never talks down on her country and instead uses her celebrity to promote Barbados and project her positively to the world. Which is why Rihanna was named a national hero and cultural ambassador for Barbados in 2018.”

“David Adeleke displayed ignorance and a lack of patriotism with that statement on a globally renowned podcast like The Big Homies House. Even worse is that he said “We do not have the best leader, that is a fact.”

“It is rather disappointing for a young man whose uncle is a governor and should, therefore, know better. Even worse, he said that to a foreign audience in a foreign country. Davido may have US citizenship, but that does not mean he should de-market Nigeria.

“The reforms in Nigeria were necessary to stop wastage, such as the $1.5 billion used to defend the Naira monthly, the $15 billion expended on fuel subsidy annually, and the wanton importation of products that we could manufacture in Nigeria by opportunistic importers.

“And the reforms are working. Nigeria has had four uninterrupted consecutive quarters of trade surpluses for the first time ever, meaning that we now export more than we import.”

“Nigeria has achieved a new record in its balance of trade, with an unprecedented ₦14.07 trillion trade surplus by half year 2024.

“On Thursday, March 28, 2024, the Nigerian Stock Exchange crossed 104,562.06 All Shares Index, a 39.84% increase year-to-date, making it the second-best performing exchange in Africa.

“The reforms have come with some short-term challenges, which are understandable. Nevertheless, steps have been taken to cushion their effect on Nigerians and raise their purchasing power, including the increase of the minimum wage by 140% from ₦30,000 to ₦70,000, which is probably why our youths had the power to help Wizkid break streaming records.

“Student loans have also been introduced for both students of federal and state-owned tertiary institutions for the first time in Nigeria’s history, even as conditional cash transfers have been paid and are still being paid to the poorest of the poor in Nigeria.

“And it may be that his personal experience in Osun State has made Davido take such a position. After all, Osun State, under the dancing Governor, Senator Ademola Adeleke, was one of the last states to increase their minimum wage to match up with the Federal Government’s new minimum wage, despite receiving 65% more federal allocation under the Tinubu government.

“If that is the case, then Davido may want to specify that Osun’s local economy is in shambles, not Nigeria’s.

Know more about Omokri

Reno Omokri was born on June 22, 1974, in Delta State, Nigeria. He is a Nigerian author, lawyer, and social media influencer.

Omokri holds a Bachelor of Science degree in Mass Communication from the University of Benin and a Master of Business Administration (MBA) degree from the American InterContinental University.

Career of Omokri

Omokri began his career as a lawyer and later became a presidential aide to former President Goodluck Jonathan. He served as the Special Assistant to the President on Social Media from 2011 to 2015.

Writing and Advocacy of Omokri

Omokri is a prolific author and has written several books, including “Poverty Is A Choice”, “Shunpiking: No Shortcuts to God”, “Facts Versus Fiction: The True Story of the Jonathan Years, Chibok, 2015 and the Conspiracies.”

Omokri is also a vocal advocate for social justice and human rights. He has been involved in various advocacy campaigns, including the #FreeLeahSharibu movement, which aimed to secure the release of a Christian girl kidnapped by Boko Haram, the #BringBackOurGirls movement, which aimed to raise awareness about the abduction of over 200 schoolgirls by Boko Haram.

Social Media and Online Presence

Reno is a popular social media influencer with a large following on platforms like Twitter, Instagram, and Facebook. He uses his social media presence to share his thoughts on politics, social justice, and human rights.

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